MMP stock: buy or sell?
September 20th, 2019
Magellan Midstream Partners, L.P. engages in the transportation, storage, and distribution of refined petroleum products and crude oil in the United States.
Should I buy MMP stock?Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best time to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.
Currently, Magellan Midstream Partners stock doesn't match any of these trading strategies, so our recommendation is not to buy.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Magellan Midstream Partners stock a buy?
Banks and financial institutions publish stock ratings everyday.At Stocks2.com, we gathered 12 ratings published for MMP stock in the last month.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-8-6||Credit Suisse Group||n/a||Neutral|
|2019-7-30||Bank of America||n/a||Neutral|
|2019-3-26||LADENBURG THALM/SH SH||n/a||Buy|
|2019-2-27||Bank of America||Buy||Neutral|
|2019-2-11||Credit Suisse Group||n/a||Neutral|
|2019-1-28||Jefferies Financial Group||Buy||Hold|
MMP stock analysis
Shares of Magellan Midstream Partners ended today at $67.37 and escalated a beatiful 1.80%.
Magellan Midstream Partners shares escalated 1.80% to $67.37 today. On June, SMA100d and SMA200d crossed up triggering a rise of 9.72%. On May MMP price bounced up over the SMA of 200 days demonstrating to be a significant support for this stock.
Magellan Midstream Partners shares soared 2.90% this week, ending at $67.37.
Magellan Midstream Partners stock is trading in the range of its last top and last bottom. Loosing would mean breaking the current uptrend. Breakdowns under last bottom are selling point signals for some trading strategies. Since SMA20d and SMA40w crossed up early June, MMP price climbed $6.81 per share (11.25%). Early May MMP price bounced up over the SMA of 40 weeks that acted as support stopping new slides.
MMP stock price history
MMP stock went public on March 19th, 2001 with a price of $0.731. Since then, MMP stock surged a 9,128.80%, with an average of 507.20% per year. If you had invested right after MMP's IPO a $1,000 in MMP stock in 2001, it would worth $91,288.00 today.
1: Adjusted price after possible price splits or reverse-splits.
MMP stock historical price chart
MMP stock reached 52-week highs on Aug/21 at $67.75, and all-time highs 2017-02-15 with a price of 70.91.
MMP stock price target is $69.30Nobody can reliably foresee how stock prices may evolve in the future. However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. We found 8 price predictions for MMP stock released in the last 30 days:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-8-6||Credit Suisse Group||Raises Target||$68.00||$70.00||2.9%|
|2019-8-2||Stifel Nicolaus||Raises Target||$62.00||$68.00||9.7%|
|2019-8-2||Raymond James||Raises Target||$69.00||$71.00||2.9%|
|2019-7-30||Bank of America||Raises Target||$63.00||$66.00||4.8%|
|2019-3-26||LADENBURG THALM/SH SH||Set Price Target||n/a||$75.00||-|
|2019-2-11||Credit Suisse Group||Reiterates||$76.00||$68.00||-10.5%|
Financials and fundamental analysis
Earnings date and Earnings per ShareAfter publishing its last earnings report on May, Magellan Midstream Partners . As soon as we get its actual EPS from the earnings report, we will update this review.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual revenues report draw an amazing growth of 12.72% to $2,826.57 M dollars. When comparing 2018 vs 2017, in line, profit margin (that is, the net income divided by revenues) skyrocketed a 12.52% to 47.19%. Magellan Midstream Partners presents anual results in December, and to compare its evolution since then, we estimate annual sales and income figures by adding results from the last 4 quarters. This is called TTM (or Twelve Trailing Months). So, Magellan Midstream Partners TTM sales up to were $2,147.79 and earnings $1,123.02 M USD. If we compare this TTM figures with the last reported annuality, we can review Magellan Midstream Partners business evolution since December 2018: Annual sales up to , compared to lastest yearly report, plummed a spooky -24.01%. Regarding profit margin, Magellan Midstream Partners escalated 5.09% to 47.19%
|2013||$1,910 M||-||$582 M30.5%||-|
|2014||$2,304 M||20.61%||$840 M36.4%||44.19%|
|2015||$2,188 M||-5.00%||$819 M37.4%||-2.43%|
|2016||$2,205 M||0.77%||$803 M36.4%||-2.00%|
|2017||$2,508 M||13.70%||$870 M34.7%||8.32%|
|2018||$2,827 M||12.72%||$1,334 M47.2%||53.41%|
|TTM||$2,148 M||-24.01%||$1,123 M52.3%||-15.81%|
Quarterly financial resultsMagellan Midstream Partners posted M in revenues for 2019-Q1, a -100.00% decline compared to previous quarter. Reported quarter income marked million with a profit margin of . Profit margin stayed steady a 0.00% compared to previous quarter when profit margin was 36.28%. When comparing revenues to same quarter last year, Magellan Midstream Partners sales marked a dreadful drop down and plunged a -100.00%.
|2017-Q1||$613 M||-||$223 M36.3%||-|
|2017-Q2||$605 M||-1.33%||$210 M34.8%||-5.54%|
|2017-Q3||$573 M||-5.35%||$199 M34.7%||-5.66%|
|2017-Q4||$673 M||17.54%||$238 M35.3%||19.85%|
|2018-Q1||$679 M||0.81%||$211 M31.1%||-11.34%|
|2018-Q2||$644 M||-5.11%||$214 M33.3%||1.66%|
|2018-Q3||$638 M||-0.94%||$595 M93.2%||177.29%|
|2018-Q4||$866 M||35.68%||$314 M36.3%||-47.17%|
Magellan Midstream Partners ownershipWhen you are planning to buy a stock, it's worth to review its ownership structure.
Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Magellan Midstream Partners, 0.18% of all outstanding shares are owned by its staff.
In case of Magellan Midstream Partners stock, 69.00% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for MMP stock account 0.00%, no big difference from last month.
For a better understanding, the following table shows ownership data compared to other related stocks:
|Market cap||$15.4 B||$46.1 M||$765.1 M||$2.7 B||$31.7 B|
|Total shares||228.4 M||40.8 M||24.4 M||105.4 M||1,060.0 M|
|Float shares||227.8 M||31.3 M||8.7 M||45.7 M||399.1 M|
|- Institutional holdings (%)||69.0%||36.5%||24.5%||32.6%||32.5%|
|- Insider holdings (%)||0.2%||10.1%||64.4%||57.0%||63.7%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Friday, September 20th, 2019|
|Day range||$65.98 - $67.62|
|Average true range||$0.93|
|50d mov avg||$65.58|
|100d mov avg||$63.55|
|200d mov avg||$60.76|
Magellan Midstream Partners performancePerformance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. In the following table, we compare Magellan Midstream Partners performance to Blueknight Energy Partners, Delek Logistics Partners, Holly Energy Partners, , Nustar Energy, Plains All American Pipeline, Plains and :
|DKLDelek Logistics P...||4.57%||2.42%||0.61%|
|HEPHolly Energy Part...||-3.89%||-3.93%||-14.40%|
|PAAPlains All Americ...||-10.12%||-9.47%||-7.05%|
Magellan Midstream Partners competitorsOne check before trading any stock is to have a look a list of its competitors, in this case for Magellan Midstream Partners. We picked 8 companies as Magellan Midstream Partners competitors as they are in the same industry or have similar market objectives.
- Blueknight Energy Partners (BKEP)
- Delek Logistics Partners (DKL)
- Holly Energy Partners (HEP)
- Nustar Energy (NS)
- Plains All American Pipeline (PAA)
- Plains (PAGP)
Latest MMP stock news
- Seeking AlphaMagellan Midstream Partners: An Appealing MLPApril 8, 2019